Federal Trust Co. v. Brand

HALL, Chief Justice.

The appellant company, as the executor of the estate of R. E. Brooks, deceased, brought this suit September 7, 1933, against Amarillo Bank & Trust Company, E. C. Brand, banking commissioner, and certain shareholders and depositors of the First State Bank of Amarillo, alleged to be a defunct banking corporation organized under the laws of Texas with a capital stock of $50,000 divided into 500 shares of $100 each. It is further alleged that R. E. Brooks in his lifetime was the owner of 140 shares of said stock; that certain other named defendants were the owners of shares,…